Solana Price Surges Amid Morgan Stanley's Institutional Push
The Solana price is gaining attention as institutional adoption and on-chain activity converge. Morgan Stanley has launched its MSOL exchange-traded product (ETP) on NYSE Arca, marking another step in Solana's growing institutional footprint.
Morgan Stanley noted that its first crypto ETP attracted $381 million within months. The MSOL product incorporates staking, allowing investors to receive staking rewards while holding the ETP.
Solana continues to strengthen its position across decentralized trading and tokenized assets. Strategy's ($MSTR) exposure became available on Solana through Sunrise, issued by Backpack Securities, expanding tokenized financial products within the network.
The SOL price is currently trading around $74.31, with buyers attempting to reclaim the $76 level. If bulls successfully flip that resistance into support, the next upside targets stand near $92.46 and $97.37.